Handelsbanken Fonder AB Buys 2,435 Shares of Invitation Home $INVH

Handelsbanken Fonder AB grew its position in Invitation Home (NYSE:INVH) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 443,428 shares of the company’s stock after purchasing an additional 2,435 shares during the period. Handelsbanken Fonder AB owned about 0.07% of Invitation Home worth $14,544,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. CWM LLC boosted its position in Invitation Home by 10.8% in the first quarter. CWM LLC now owns 6,509 shares of the company’s stock valued at $227,000 after buying an additional 635 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Invitation Home by 2.6% in the first quarter. Avantax Advisory Services Inc. now owns 52,315 shares of the company’s stock valued at $1,823,000 after acquiring an additional 1,347 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Invitation Home by 1.0% in the first quarter. TD Asset Management Inc now owns 211,161 shares of the company’s stock valued at $7,359,000 after acquiring an additional 2,069 shares during the last quarter. HB Wealth Management LLC acquired a new position in shares of Invitation Home in the 1st quarter worth approximately $208,000. Finally, LPL Financial LLC grew its position in Invitation Home by 78.7% during the 1st quarter. LPL Financial LLC now owns 137,605 shares of the company’s stock worth $4,796,000 after acquiring an additional 60,604 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on INVH shares. Barclays cut their price objective on Invitation Home from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Morgan Stanley cut their price target on Invitation Home from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Royal Bank Of Canada decreased their price objective on shares of Invitation Home from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company dropped their target price on shares of Invitation Home from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Monday, October 13th. Finally, Bank of America decreased their price target on shares of Invitation Home from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.09.

Invitation Home Stock Performance

Shares of NYSE:INVH opened at $28.19 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. Invitation Home has a 1-year low of $27.32 and a 1-year high of $35.80. The stock has a market capitalization of $17.28 billion, a P/E ratio of 29.67, a P/E/G ratio of 2.77 and a beta of 0.81. The business has a 50-day moving average price of $28.59 and a two-hundred day moving average price of $30.94.

Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The company had revenue of $688.17 million during the quarter, compared to analysts’ expectations of $679.41 million. During the same quarter in the previous year, the company earned $0.47 EPS. Invitation Home’s revenue was up 4.2% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Equities analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 25th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, September 25th. Invitation Home’s dividend payout ratio (DPR) is currently 122.11%.

Invitation Home Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.